Report on Initial Public Offering Applications, Delisting and Suspensions (As at 31 December 2012)

					Main Board	GEM	Total
New Applications Accepted
	a.		December 2012
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules	5	0	5
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	0	N/A	0
			(iii)	Application(s) for transfer of listing from GEM to Main Board	1	N/A	1
			(iv)	Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)	0 __________	0 __________	0 ________
			Sub-total		6	0	6
	b.		2012 Year-to-date
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules	82	32	114
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	16	N/A	16
			(iii)	Application(s) for transfer of listing from GEM to Main Board	10	N/A	10
			(iv)	Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)	0 __________	1 __________	1 ________
			Sub-total		108	33	141
Approvals in principle granted(1)
	a.	December 2012			4	1	5
	b.	2012 Year-to-date			71	13	84
Active applications(1)  (as at 31 December 2012)
1.	Under processing (based on listing application form accepted):
	a.	New applications accepted since 1 January 2012			31	18	49
	b.	Others			0 __________	1 __________	1 ________
		Sub-total			31	19	50
2.	Approval in principle granted
	a.	Approvals granted since 1 January 2012			12	3	15
	b.	Others			0 __________	0 __________	0 _________
Total					43	22	65

Inactive applications(2) (since 1 January 2012)
1.	Lapsed
	a.	Approval in principle granted but not listed prior to application lapsed		47	5	52
	b.	Others		61	28	89
2.	Rejected			5	3	8
3.	Withdrawn			8 __________	4 __________	12 _________
	Sub-total			121	40	161
4.	Renewals(3)			(51) __________	(19) __________	(70) _________
Total				70	21	91
No. of new listings(since 1 January 2012)
		(i)	Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules	50	12	62
		(ii)	Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules	35	N/A	35
		(iii)	Transfer of listing from GEM to Main Board	2	N/A	2
		(iv)	Deemed new listing(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)	1 __________	0 __________	1 ________
Total				88	12	100

 

First Comment Letters Issued(4)
	a.	December 2012				6
	b.	Average number of days taken between the date of application and the date of issue of related first comment letter				15
Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
	a.	December 2012				8
	b.	Average number of days taken between the date of request for guidance and the date of issue of written response(5)				7

 

Delisting and Suspension Information
(As at 31 December 2012)

				Main Board	GEM	Total
(a)	Number of delisted companies (since 1 January 2012)
	a.	Withdrawal of listing pursuant to privatisation		8	0	8
	b.	Transfer of listing from GEM to Main Board		N/A	2	2
	c.	Cancellation of listing pursuant to delisting procedures under the Listing Rules		2	0	2
	d.	Voluntary withdrawal of listing		0 __________	1 __________	1 __________
Total				10	3	13
(b)	Number of companies in suspension for three months or more (as at 31 December 2012)
	a.	Companies not in delisting procedures		32	5	37
	b.	a)	Main Board companies in delisting procedures:
			-  first stage of delisting(6)	0	N/A	0
			-  second stage of delisting(7)	1	N/A	1
			-  third stage of delisting(7)	5	N/A	5
		b)	Main Board companies served with a notice of intention of cancellation of listing under Main Board Listing Rule 6.10	0	N/A	0
	c.	GEM companies given 6 months’ notice for delisting		N/A	3	3
	d.	Delisting approved by the Listing Committee		2*	0	2*
	e.	The resumption proposal was referred back to the Listing Committee		1**	0	1**
	f.	Resumption proposal approved in principle by the Exchange subject to fulfillment of conditions		2 __________	2 __________	4 __________
Total				43	10	53

Other Information
(As at 31 December 2012)

		Main Board	GEM	Total
(c)	Number of listed companies (as at 31 December 2012)	1,368	179	1,547

 

 

This report is updated on the last trading day of each month.

Ends